Comprehensive Problem 4-1

Rebecca and Walter Bunge have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Rebecca is a homemaker and Walt is a high school teacher. Rebecca's Social Security number is 222-43-7690 and Walt's is 700-01-0002. Walt's earnings from teaching are:

Earnings from Las Vegas School Dist.	$50,400
Federal income tax withheld	5,000
State income tax withheld	0

The Bunges incurred the following expenses during their move from Maine to Nevada in January of 2015:

Cost of moving furniture	$4,200
Travel (3,166 miles at $0.23)	728
Lodging en route	250
Meals en route	90
House-hunting trip before the move	750

You may assume that the taxpayers will meet the "must work at least 39 weeks at the new job location during the 12 months following the move" test.

Walter's previous job, as a high school teacher in Maine, was only 5 miles from his home. Rebecca was unemployed prior to the move.

The Bunges own a ski condo located at 123 Buncombe Lane, Brian Head, UT 84719. The condo was rented for 185 days during 2015 and used by the Bunges for 15 days. Pertinent information about the condo rental is as follows:

Rental income	$16,000
Mortgage interest	8,800
Homeowners' association dues	5,000
Utilities	1,000
Maintenance	3,800
Depreciation (assume fully depreciated)	0

The above amounts do not reflect any allocation between rental and personal use of the condo. The Bunges are active managers of the condo.

Click here to access the tax table to use for this problem.

Required:

Complete the Bunge's federal tax return for 2015. Use Form 1040, Schedule E, and Form 3903 to complete their tax return.

If an amount box does not require an entry or the answer is zero, enter "0".

Note: If required, enter a "loss" as a negative number on the tax form. Do not enter deductions as negative numbers.

Form 1040

Department of the TreasuryInternal Revenue Service (99) U.S. Individual Income Tax Return

2015

OMB No. 1545-0074

IRS Use Only

For the year Jan. 1Dec. 31, 2015, or other tax year beginning	, 2015, ending , 20	See separate instructions.
Your first name and initial Walter	Last name Bunge	Your social security number 700-01-0002
If a joint return, spouse's first name and initial Rebecca	Last name Bunge	Spouse's social security number 222-43-7690
Home address (number and street). If you have a P.O. box, see instructions. 883 Scrub Brush Street	Apt. no. 52 B	Make sure the SSN(s) above and on line 6c are correct.
City, town or post office, state, and ZIP code. If you have a foreign address, also complete spaces below (see instructions). Las Vegas, NV 89125	Presidential Election Campaign Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund. You Spouse
Foreign country name	Foreign province/state/country	Foreign postal code

Filing Status

Single Married filing jointly (even if only one had income) Married filing separately Head of household (with qualifying person) Qualifying widow(er) with dependent child

Exemptions	6a	Yes No	Yourself. If someone can claim you as a dependent, do not check box 6a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	}	Boxes checked on 6a and 6b
b	Yes No	Spouse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	No. of children on 6c who: lived with you
c	Dependents:	(2) Dependent's social security number	(3) Dependent's relationship to you	(4) If child under age 17 qualifying for child tax credit (see instructions)
(1)Firstname	Lastname	did not live with you due to divorce or separation (see instructions)
If more than four dependents, see instructions and check here
	Dependents on 6c not entered above
	Add numbers on lines above
d	Total number of exemptions claimed . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Income Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withheld. If you did not get a W-2, see instructions.	7	Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
8a	Taxable interest. Attach Schedule B if required . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8a
b	Tax-exempt interest. Do not include on line 8a . . . . . . . . .	8b
9a	Ordinary dividends. Attach Schedule B if required . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9a
b	Qualified dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9b
10	Taxable refunds, credits, or offsets of state and local income taxes . . . . . . . . . . . . . . . .	10
11	Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11
12	Business income or (loss). Attach Schedule C or C-EZ . . . . . . . . . . . . . . . . . . . . . . .	12
13	Capital gain or (loss). Attach Schedule D if required. If not required, check here	13
14	Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	14
15a	IRA distributions . . . . . . . . . . .	15a	b Taxable amount . .	15b
16a	Pensions and annuities . . . . . .	16a	b Taxable amount . .	16b
17	Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E	17
18	Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	18
19	Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	19
20a	Social security benefits	20a	b Taxable amount . .	20b
21	Other income. List type and amount _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _	21
22	Combine the amounts in the far right column for lines 7 through 21. This is your total income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	22
Adjusted Gross Income	23	Educator expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	23
24	Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 or 2106-EZ	24
25	Health savings account deduction. Attach Form 8889 . . . . .	25
26	Moving expenses. Attach Form 3903 . . . . . . . . . . . . . . . . . .	26
27	Deductible part of self-employment tax. Attach Schedule SE	27
28	Self-employed SEP, SIMPLE, and qualified plans . . . . . . . . .	28
29	Self-employed health insurance deduction . . . . . . . . . . . . .	29
30	Penalty on early withdrawal of savings . . . . . . . . . . . .	30
31a	Alimony paid b Recipient's SSN ________	31a
32	IRA deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	32
33	Student loan interest deduction . . . . . . . . . . . . . . . . . . . . .	33
34	Tuition and fees. Attach Form 8917 . . . . . . . . . . . . . . . . .	34
35	Domestic production activities deduction. Attach Form 8903	35
36	Add lines 23 through 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	36
37	Subtract line 36 from line 22. This is your adjusted gross income . . . . . . . . . . .		37

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 11320B

Form 1040 (2015)

Form 1040 (2015)

Page 2

38

Amount from line 37 (adjusted gross income)

38

Tax and Credits

39a

Check if:

{

You were born before January 2, 1951, Blind. Spouse was born before January 2, 1951, Blind.

}

Total boxes checked 39a

b

If your spouse itemizes on a separate return or you were a dual-status alien, check here 39b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Standard Deduction for

People who check any box on line 39a or 39b or who can be claimed as a dependent, see instructions.

All others:

Single or Married filing separately, $6,300

Married filing jointly or Qualifying widow(er), $12,600

Head of household, $9,250

40

Itemized deductions (from Schedule A) or your standard deduction (see left margin)

40

41

Subtract line 40 from line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

41

42

Exemptions. If line 38 is $154,950 or less, multiply $4,000 by the number on line 6d. Otherwise, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

42

43

Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0-.

43

44

Tax (see instructions). Check if any from: a Form(s) 8814 b Form 4972 c _____

44

45

Alternative minimum tax (see instructions). Attach Form 6251 . . . . . . . . . . . . . . .

45

46

Excess advance premium tax credit repayment. Attach Form 8962 . . . . . . . . . . . . . . .

46

47

Add lines 44, 45, and 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

47

48

Foreign tax credit. Attach Form 1116 if required . . . . . . . . . . . . .

48

49

Credit for child and dependent care expenses. Attach Form 2441

49

50

Education credits from Form 8863, line 19 . . . . . . . . . . . . . . .

50

51

Retirement savings contributions credit. Attach Form 8880 . . .

51

52

Child tax credit. Attach Schedule 8812, if required . . . . . . . .

52

53

Residential energy credit. Attach Form 5695 . . . . . . . . . . .

53

54

Other credits from Form: a 3800 b 8801 c ________

54

55

Add lines 48 through 54. These are your total credits . . . . . . . . . . . . . . . . . . . . . .

55

56

Subtract line 55 from line 47. If line 55 is more than line 47, enter -0- . . . . . . . .

56

Other Taxes

57

Self-employment tax. Attach Schedule SE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

57

58

Unreported social security and Medicare tax from Form: a 4137 b 8919 . . . . . .

58

59

Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required

59

60a

Household employment taxes from Schedule H . . . . . . . . . . . . . . . . . . . . . . . . . . .

60a

b

First-time homebuyer credit repayment. Attach Form 5405 if required . . . . . . . . .

60b

61

Health care: individual responsibility (see instructions)

Full-year coverage

61

62

Taxes from: a Form 8959 b Form 8960 c Instructions; enter code(s) _ _ _ _ _ _

62

63

Add lines 56 through 62. This is your total tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

63

Payments	64	Federal income tax withheld from Forms W-2 and 1099 . . . . . .	64
If you have a qualifying child, attach Schedule EIC.	65	2015 estimated tax payments and amount applied from 2014 return	65
66a	Earned income credit (EIC) . . . . . . . . . . . . . . . . . . . . . . . . .	66a
b	Nontaxable combat pay election . . . . . .	66b
67	Additional child tax credit. Attach Schedule 8812 . . . . . . . . . . .	67
68	American opportunity credit from Form 8863, line 8 . . . . . . . .	68
69	Net premium tax credit. Attach Form 8962 . . . . . . . . . . . . . . .	69
70	Amount paid with request for extension to file . . . . . . . . . . .	70
71	Excess social security and tier 1 RRTA tax withheld . . . . . . . . .	71
72	Credit for federal tax on fuels. Attach Form 4136 . . . . . . . . . .	72
73	Credits from Form: a 2439 b Reserved c 8885 d	73
74	Add lines 64, 65, 66a, and 67 through 73. These are your total payments . . . . . . . . .		74

Refund

75

If line 74 is more than line 63, subtract line 63 from line 74. This is the amount you overpaid

75

76a

Amount of line 75 you want refunded to you. If Form 8888 is attached, check here

76a

Direct deposit? See instructions.

b

Routing number

c Type: Checking Savings

d

Account number

77

Amount of line 75 you want applied to your 2016 estimated tax

77

Amount You Owe

78

Amount you owe. Subtract line 74 from line 63. For details on how to pay, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

78

79

Estimated tax penalty (see instructions) . . . . . . . . . . . . . . . . . . . .

79

Third Party Designee	Do you want to allow another person to discuss this return with the IRS (see instructions)? Yes. Complete below. No
Designee's name		Phone no.		Personal identification number (PIN)

Sign Here Joint return? See instructions. Keep a copy for your records.	Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
	Your signature	Date	Your occupation Teacher	Daytime phone number
Spouse's signature. If a joint return, both must sign.	Date	Spouse's occupation Homemaker	If the IRS sent you an Identity Protection PIN, enter it here (see inst.)

Paid Preparer Use Only	Print/Type preparer's name	Preparer's signature	Date	Check if self-employed	PTIN
Firm's name	Firm's EIN
Firm's address	Phone no.
www.irs.gov/form1040	Form 1040 (2015)

SCHEDULE E (Form 1040) Department of the Treasury Internal Revenue Service (99)	Supplemental Income and Loss (From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.) Attach to Form 1040, 1040NR, or Form 1041. Information about Schedule E and its separate instructions is at www.irs.gov/schedulee.	OMB No. 1545-0074
2015 Attachment Sequence No. 13

Name(s) shown on return Walter and Rebecca Bunge

Your social security number 700-01-0002

Part I	Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use Schedule C or C-EZ (see instructions). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.

A	Did you make any payments in 2015 that would require you to file Form(s) 1099? (see instructions)	Yes	No
B	If "Yes," did you or will you file required Forms 1099?	Yes	No

1a	Physical address of each property (street, city, state, ZIP code)
A	123 Buncombe Lane, Brian Head, UT 84719
B
C
1b	Type of Property (from list below)	2	For each rental real estate property listed above, report the number of fair rental and personal use days. Check the QJV box only if you meet the requirements to file as a qualified joint venture. See instructions.		Fair Rental Days	Personal Use Days	QJV
A	1 2 3 4 5 6 7 8	A
B	B
C	C

Type of Property:
1 Single Family Residence	3 Vacation/Short-Term Rental	5 Land	7 Self-Rental
2 Multi-Family Residence	4 Commercial	6 Royalties	8 Other (describe)

Income:	Properties:	A	B	C
3	Rents received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3
4	Royalties received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4
Expenses:
5	Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	5
6	Auto and travel (see instructions) . . . . . . . . . . . . . . . . . . . .	6
7	Cleaning and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . .	7
8	Commissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8
9	Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	9
10	Legal and other professional fees . . . . . . . . . . . . . . . . . . . .	10
11	Management fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11
12	Mortgage interest paid to banks, etc. (see instructions) . . .	12
13	Other interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13
14	Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	14
15	Supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	15
16	Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	16
17	Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	17
18	Depreciation expense or depletion . . . . . . . . . . . . . . . . . . .	18
19	Other (list)	Homeowners' Association Dues	19
20	Total expenses. Add lines 5 through 19 . . . . . . . . . . . . . . . .	20
21	Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	21	(	)
22	Deductible rental real estate loss after limitation, if any, on Form 8582 (see instructions) . . . . . . . . . . . . . . . . . . . . . . .	22	(	)	(	)	(	)
23a	Total of all amounts reported on line 3 for all rental properties . . . . . . . . . . . . . . .	23a
b	Total of all amounts reported on line 4 for all royalty properties . . . . . . . . . . . . . .	23b
c	Total of all amounts reported on line 12 for all properties . . . . . . . . . . . . . . . . . . .	23c
d	Total of all amounts reported on line 18 for all properties . . . . . . . . . . . . . . . . . . .	23d
e	Total of all amounts reported on line 20 for all properties . . . . . . . . . . . . . . . . . . .	23e
24	Income. Add positive amounts shown on line 21. Do not include any losses . . . . . . . . . . . . . . . . . . .	24
25	Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here	25	(	)
26	Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Form 1040, line 17, or Form 1040NR, line 18. Otherwise, include this amount in the total on line 41 on page 2 . . . . . . .	26	(	)

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11344L

Schedule E (Form 1040) 2015

Form 3903 Department of the Treasury Internal Revenue Service (99)	Moving Expenses Information about Form 3903 and its instructions is available at www.irs.gov/form3903. Attach to Form 1040 or Form 1040NR.	OMB No. 1545-0074
2015 Attachment Sequence No. 170

Name(s) shown on return Walter & Rebecca Bunge

Your social security number 700-01-0002

Before you begin:	See the Distance Test and Time Test in the instructions to find out if you can deduct your moving expenses.
See Members of the Armed Forces in the instructions, if applicable.

1	Transportation and storage of household goods and personal effects (see instructions) . . . . . . . . . . . . .	1
2	Travel (including lodging) from your old home to your new home (see instructions). Do not include the cost of meals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2
3	Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3
4	Enter the total amount your employer paid you for the expenses listed on lines 1 and 2 that is not included in box 1 of your Form W-2 (wages). This amount should be shown in box 12 of your Form W-2 with code P .
4
5	Is line 3 more than line 4?
No.	You cannot deduct your moving expenses. If line 3 is less than line 4, subtract line 3 from line 4 and include the result on Form 1040, line 7, or Form 1040NR, line 8.
Yes.	Subtract line 4 from line 3. Enter the result here and on Form 1040, line 26, or Form 1040NR, line 26. This is your moving expense deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5

For Paperwork Reduction Act Notice, see your tax return instructions.

Cat. No. 12490K

Form 3903 (2015)

Form 8582 Department of the Treasury Internal Revenue Service (99)	Passive Activity Loss Limitations See separate instructions. Attach to Form 1040 or Form 1041. Information about Form 8582 and its instructions is available at www.irs.gov/form8582.	OMB No. 1545-1008
2015 Attachment Sequence No. 88

Name(s) shown on return Walter and Rebecca Bunge

Identifying number 700 01 0002

Part I	2015 Passive Activity Loss
Caution: Complete Worksheets 1, 2, and 3 before completing Part I.

Rental Real Estate Activities With Active Participation (For the definition of active participation, see Special Allowance for Rental Real Estate Activities in the instructions.)
1a	Activities with net income (enter the amount from Worksheet 1, column (a))	1a
b	Activities with net loss (enter the amount from Worksheet 1, column (b))	1b	(	)
c	Prior years unallowed losses (enter the amount from Worksheet 1, column (c)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1c	(	)
d	Combine lines 1a, 1b, and 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	1d	(	)
Commercial Revitalization Deductions From Rental Real Estate Activities
2a	Commercial revitalization deductions from Worksheet 2, column (a) . . . .	2a	(	)
b	Prior year unallowed commercial revitalization deductions from Worksheet 2, column (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2b	(	)
c	Add lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	2c	(	)
All Other Passive Activities
3a	Activities with net income (enter the amount from Worksheet 3, column (a))	3a
b	Activities with net loss (enter the amount from Worksheet 3, column (b))	3b	(	)
c	Prior years unallowed losses (enter the amount from Worksheet 3, column (c)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3c	(	)
d	Combine lines 3a, 3b, and 3c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	3d
4	Combine lines 1d, 2c, and 3d. If this line is zero or more, stop here and include this form with your return; all losses are allowed, including any prior year unallowed losses entered on line 1c, 2b, or 3c. Report the losses on the forms and schedules normally used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	4	(	)
If line 4 is a loss and:	Line 1d is a loss, go to Part II. Line 2c is a loss (and line 1d is zero or more), skip Part II and go to Part III. Line 3d is a loss (and lines 1d and 2c are zero or more), skip Parts II and III and go to line 15.
Caution: If your filing status is married filing separately and you lived with your spouse at any time during the year, do not complete Part II or Part III. Instead, go to line 15.

Part II	Special Allowance for Rental Real Estate Activities With Active Participation
Note: Enter all numbers in Part II as positive amounts. See instructions for an example.

5	Enter the smaller of the loss on line 1d or the loss on line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	5
6	Enter $150,000. If married filing separately, see instructions . . . . . . . . . .	6
7	Enter modified adjusted gross income, but not less than zero (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	7
Note: If line 7 is greater than or equal to line 6, skip lines 8 and 9, enter -0- on line 10. Otherwise, go to line 8.
8	Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	8
9	Multiply line 8 by 50% (.5). Do not enter more than $25,000. If married filing separately, see instructions	9
10	Enter the smaller of line 5 or line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	10
If line 2c is a loss, go to Part III. Otherwise, go to line 15.

Part III	Special Allowance for Commercial Revitalization Deductions From Rental Real Estate Activities
Note: Enter all numbers in Part III as positive amounts. See the example for Part II in the instructions.

11	Enter $25,000 reduced by the amount, if any, on line 10. If married filing separately, see instructions	11
12	Enter the loss from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	12
13	Reduce line 12 by the amount on line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13
14	Enter the smallest of line 2c (treated as a positive amount), line 11, or line 13 . . . . . . . . . . . . . .	14

Part IV

Total Losses Allowed

15	Add the income, if any, on lines 1a and 3a and enter the total. . . . . . . . . . . . . . . . . . . . . . . . . . .	15
16	Total losses allowed from all passive activities for 2015. Add lines 10, 14, and 15. See instructions to find out how to report the losses on your tax return . . . . . . . . . . . . . . . . . . . . . . .	16

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 63704F

Form 8582 (2015)